Superior Uniform turns profit


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  • | 2:10 p.m. April 23, 2010
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Another Gulf Coast company has felt the effects of economic recovery firsthand, regardless of how slight they might be.

Superior Uniform Group Inc. saw a 10% year-over year increase in first quarter net sales, up from $23.7 million in last year's first quarter to $26 million this year.

In a release accompanying the announced earnings, CEO Michael Benstock explained that six of the 10 percentage points were attributable to an acquisition from the fourth quarter of 2009, with the remainder representing organic growth.

Earnings grew year-over-year, as well. The company earned $508,217 in the quarter, representing $0.09 per share of Superior stock. That's a significant improvement from the $0.08 loss the company experienced in the first quarter of 2009.

"We remain focused on improving our market share,” Benstock said in the release.

 

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